10月13日，在浦城县莲塘镇西塅村一处农田深处，国网浦城县供电公司带电班通过"蜈 蚣梯"带电作业对10千伏安源线38号杆三遥开关的故障电压互感器进行更换，消除了故障隐 患，保障了西塅村282户用户用电"零影响"。 据悉，"蜈蚣梯"是一种分节式绝缘攀登支撑工具，梯身以单根绝缘管为中心主柱，通过 绝缘板材做成条状踏脚，在主柱上交叉排列制成。"'蜈蚣梯'如同不停电作业领域的'变形金 刚'，能够有效应对田间、山坡、草丛等地形，也能够完美解决因道路交通不便造成的绝缘 斗臂车无法进入作业点的问题，适用于复杂地形下配网不停电作业，但对于作业人员技能、 体力要求较高。"现场作业负责人，闽延建设浦城分公司带电班季送明介绍。 ▲通力合作立蜈蚣梯 据了解，浦城地区地形地貌复杂，在复杂地形区域开展电网检修、运维、抢修等配网不 停电作业时，经常遇到传统绝缘斗臂车无法通行问题。该公司通过持续拓展不停电作业场 景，拓宽新型不停电作业的新方法和新技术，不断提升配网运维工作质效。接下来，该公司 将持续探索全地形不停电作业，拓展不停电作业项目，不断提高不停电作业在设备检修消 缺、大修技改、业扩增容等项目的覆盖率，为提高供电可靠性、助力浦城打造一 ...

Core Viewpoint - The article highlights the critical role of reliable electricity supply in ensuring the timely drying of corn during the rainy season in Suixi County, where high humidity increases the risk of grain spoilage [1][4]. Group 1: Electricity Supply and Support - Suixi County's power supply company has organized a service team to conduct safety inspections at grain drying enterprises to ensure uninterrupted electricity supply during the crucial corn harvesting and drying period [1][3]. - The service team has identified and eliminated 16 potential hazards related to aging lines and overloads, ensuring stable operation of drying equipment [4]. Group 2: Grain Drying Operations - As of now, Suixi County has dried over 140,000 tons of grain, accounting for 40% of the harvested grain yield, with drying equipment operating at full capacity [4]. - The county's drying capacity reaches 14,000 tons per day, allowing for rapid conversion of freshly harvested "wet grain" into "safe grain" to minimize spoilage losses [5]. Group 3: Emergency Response and Future Plans - The power supply company plans to maintain a 24/7 emergency response status, utilizing drones and real-time load monitoring to enhance the electricity supply network [5].

Core Points - Continuous rainfall in Shanxi Yuncheng poses challenges for autumn grain harvesting and drying [1] - The local power supply company is actively supporting grain drying enterprises to ensure stable electricity supply [3] Group 1: Challenges Faced - The recent heavy rainfall has increased the moisture content of corn to over 30%, necessitating urgent drying efforts [1] - The grain drying enterprise is processing over 500 tons of wet grain daily, highlighting the critical need for stable power supply [1] Group 2: Company Initiatives - The local power supply company has established a service demand list by proactively engaging with grain drying enterprises and cooperatives [3] - A "green channel" has been opened for new drying electricity applications, streamlining the process for quick electricity access [3] - Safety awareness campaigns and guidance on equipment maintenance have been conducted to ensure safe electricity usage among farmers [3]

Core Viewpoint - The company has proactively initiated preparations for the winter heating season to ensure stable power supply and reliable electricity for residents, focusing on early assessment, early transformation, and early planning [1][3]. Group 1: Preparation and Strategy - A special working group has been formed, consisting of key personnel from the production technology department and various power supply stations, to comprehensively start the winter power supply preparation work [1][3]. - The working group has conducted a thorough assessment of electricity demand, particularly in rural areas with a high concentration of returning populations, and has completed the upgrade of the 35KV Yongping substation to enhance power supply capacity [3][5]. Group 2: Service Optimization and Emergency Response - The company has restructured its power supply guarantee workflow, focusing on personalized supply guarantee plans and improving emergency repair plans, including clear processes, personnel assignments, and material allocation mechanisms [3][5]. - Collaboration with meteorological departments has been strengthened to monitor severe weather warnings in real-time, ensuring the availability of ice-melting and snow-removal tools, as well as emergency power supplies [3][5]. Group 3: Equipment Maintenance and Safety Measures - Continuous inspections of power supply environments and equipment health checks have been conducted, utilizing infrared temperature monitoring technology to track the operational status of critical lines and transformers [5]. - The company has implemented a 24-hour duty system to ensure immediate response to emergencies and major incidents, thereby enhancing the overall winter electricity supply security [5].

Core Viewpoint - The article highlights the significant role of reliable electricity supply in supporting the development of the livestock industry in rural areas, particularly in Chenghao Town, where local farms have successfully increased productivity and income through tailored electricity services provided by the State Grid Qinyang Power Supply Company [3][4][5]. Group 1: Industry Development - The rural revitalization strategy in Chenghao Town focuses on developing a specialized livestock industry to boost farmers' income, with family farms like Qinhao Livestock Family Farm serving as successful examples [3]. - The livestock farms in the area have shown remarkable growth, with 4 cooperatives and family farms having over 200 heads of livestock, and 15 family farms with over 100 heads, indicating a trend towards clustered development in the livestock sector [3]. Group 2: Electricity Supply Services - The State Grid Qinyang Power Supply Company provides comprehensive electricity services, including precise planning for electricity needs during the establishment of family farms, ensuring that power supply aligns with production requirements [4]. - The company has undertaken upgrades to the rural power grid, replacing outdated lines and enhancing distribution equipment to eliminate supply bottlenecks and ensure uninterrupted electricity for all stages of livestock production [4]. - A regular service mechanism has been established, including routine inspections and emergency services to address potential electrical hazards, while also educating farmers on safe and energy-efficient electricity usage [5]. Group 3: Future Plans - The State Grid Qinyang Power Supply Company plans to continue enhancing rural power supply reliability and quality, focusing on the urgent electricity needs of farmers [5]. - The company aims to deepen its proactive and precise service model, offering personalized electricity solutions based on the characteristics of different industries to further stimulate rural economic growth [5].

Core Insights - In September, Brent and WTI average prices were $67.6 and $63.6 per barrel, with month-on-month changes of 0.5% and -0.7% respectively [2] - OPEC+ agreed to increase oil production by 137,000 barrels per day starting in October, marking the sixth consecutive month of production increase announcements [2] - Geopolitical tensions remain high due to the ongoing Russia-Ukraine conflict, impacting oil supply dynamics [2] Supply Side - OPEC+ members are increasing production to capture a larger share of the global oil market, which is expected to raise global oil supply forecasts [2] - The Russia-Ukraine conflict has led to disruptions, including an attack on oil shipping facilities near Novorossiysk, affecting approximately 2 million barrels per day of oil exports [2] Demand Side - Oil consumption is transitioning into the off-season, with expected weakening demand momentum [2] - As of September 26, U.S. refinery utilization was at 91.4%, a decrease of 2.9 percentage points from the end of August, indicating potential seasonal declines ahead [2] Inventory - As of the week ending September 26, U.S. commercial crude oil inventories stood at 416.55 million barrels, down by 4.16 million barrels since the end of August [2] Price Outlook - The oil market is currently influenced by geopolitical disturbances, OPEC+ production increases, and weakening demand, with October Brent crude oil prices expected to range between $60 and $67 per barrel [2] - The industry cost structure may slightly decrease, while seasonal demand is anticipated to strengthen in the "golden September and silver October" period [4] Investment Recommendations - Investment opportunities are suggested in sectors such as private refining, polyester filament, and modified plastics, with specific companies like Rongsheng Petrochemical, Xinfengming, and Guoen Co., Ltd. highlighted for potential investment [4]

Core Viewpoint - The company is focusing on enhancing electrical safety awareness among boarding students in the mountainous areas of Taoping Town as winter approaches, emphasizing the importance of safe electricity usage during the cold season [1][6]. Group 1: Safety Awareness Campaign - The campaign targets boarding students in Taoping Town, particularly those living in rental accommodations, to address their concentrated winter heating electricity needs and lack of safety awareness [3][5]. - Staff from the company conducted on-site visits to educate students on safe usage of electric blankets and prevention of socket overloads, using simple language and typical case studies [3][5]. Group 2: Practical Safety Measures - Key safety tips were provided, such as using electric blankets flat without folding, unplugging them in the morning, and ensuring they are from reputable manufacturers [5]. - The team conducted inspections of rental properties to identify hazards like aging wiring and loose sockets, advising landlords and students on necessary corrections [5][6]. Group 3: Educational Materials and Engagement - Safety handbooks were distributed to students, highlighting critical safety reminders such as "turn off electricity when leaving" and "keep electrical appliances away from water" [5]. - The initiative has successfully raised awareness among boarding students regarding winter electricity safety and self-protection capabilities [6].

Core Viewpoint - The coal industry is experiencing price strength due to continuous rainy weather affecting supply, with expectations for coal prices to remain strong in the short term [2][3]. Coal Market Analysis - The impact of continuous rainy weather during the holiday period has led to supply constraints, with Daqin Railway undergoing maintenance and terminals beginning winter storage, supporting coal prices [2][3]. - Coking coal prices are fluctuating, with high downstream iron and steel production but insufficient confidence among coking enterprises to raise prices, leading to a wait-and-see attitude [2][3]. - Overall supply remains stable, and the low inventory levels of coal and coke steel provide support for coal prices [3]. Market Performance - The coal sector has significantly outperformed major indices amid global market turmoil caused by geopolitical tensions, including the U.S. imposing 100% tariffs on Chinese products starting November 1 [1][2][3]. - The average market turnover was 2.6 trillion yuan, with daily financing purchases fluctuating around 288 billion yuan, indicating strong investor interest in coal stocks [1][2]. Investment Recommendations - The focus should be on high-quality coal stocks with strong cash flow and high dividends, as they are expected to perform well in the current market environment [3].

Core Insights - The report by CCID Consulting indicates that the network security access market in China is projected to reach 1.72 billion yuan in 2024, reflecting a year-on-year growth of 18.6%, showcasing strong growth momentum [1] - Qi Anxin leads the industry, holding the top position in the Chinese network security access product market due to its significant advantages in technology R&D investment, adaptability to the Xinchuang ecosystem, and large-scale implementation for major industry clients [1][3] Market Dynamics - The network security access products are critical components of the internal network security protection system, addressing the legitimacy and compliance issues of various terminal devices accessing the network [3] - The rapid development and deep integration of technologies such as artificial intelligence, cloud computing, and the Internet of Things are driving the exponential increase in diverse terminal device access, which in turn expands the attack surface and increases risks [3] - The continuous growth of the network security access market is primarily driven by innovations in information technology applications, particularly in key sectors like government, finance, energy, education, and healthcare [3] Company Overview - Qi Anxin's network security access system (NAC), launched in 2014, features an industry-leading integrated hardware and software architecture, encompassing capabilities such as automatic asset discovery, network awareness, access control, compliance checks, and vulnerability scanning [5] - The system is deeply developed based on mainstream domestic platforms, supporting deployment in Xinchuang environments and managing both Xinchuang and non-Xinchuang terminals [5][7] - Qi Anxin's access system has been widely applied across over 30 vertical industries, serving more than 10,000 clients and managing over 20 million terminals [7] Strategic Developments - In the context of ongoing policies for Xinchuang replacement in government sectors, Qi Anxin's network security access system has won bids for projects in various local governments [10] - Qi Anxin continues to secure significant contracts, including projects with China Electric Power Construction and the overall security transformation project for rural credit cooperatives in Yunnan Province [10] - According to Gartner's latest report, Qi Anxin is recognized as a representative vendor in the "IoT identity authentication" technology category, further highlighting its leading position and technological foresight in network access security [10] Future Outlook - The market for network security access products in China is expected to reach 3.2 billion yuan by 2027, with a compound annual growth rate of 23% over three years [10] - Qi Anxin aims to continue leading the evolution of access products, enhancing its adaptability across various scenarios, and expanding the application boundaries of access products to strengthen the trusted access defense for digital China [10]

Core Viewpoint - The coal industry is expected to experience a slight decline in production in 2025, with a projected total output of approximately 4.71 billion tons, reflecting a year-on-year decrease of 1.1% due to various supply and demand factors [1][3][4]. Supply - In July, the national raw coal output was 380 million tons, a month-on-month decrease of 40 million tons (-9.5%) and a year-on-year decrease of 9 million tons (-3.8%). In August, the output was 390 million tons, with a year-on-year decrease of about 6 million tons (-3.2%) but a month-on-month increase of 9 million tons (+2.5%) [1][3]. - The average monthly production from January to June 2025 is estimated at 401 million tons, while the average for July and August is 386 million tons. If safety inspections remain at July levels, the estimated average for September to December is also 386 million tons, leading to an annual output of about 4.71 billion tons in 2025 [1][3]. - The reduction in output is primarily from Inner Mongolia and Xinjiang, with expected year-on-year declines of 3.7% and 4.6%, respectively. Coal imports are projected to decrease by approximately 15.8% in 2025, mainly due to reduced imports from Indonesia [3]. Demand - There is an expectation of increased demand due to a cold winter, with the total electricity consumption projected to grow by 5%-6% year-on-year in 2025. The demand for chemical coal remains high, with significant year-on-year increases in coal-based PVC, ethylene glycol, and methanol production [4][5]. - The average daily pig iron production is expected to remain above 240,000 tons, with a year-on-year increase of 3.9% [5]. Inventory - Inventory pressures have eased significantly compared to the first half of the year, supporting a rebound in coal prices. Mainstream port inventories have decreased to 60.43 million tons, down from mid-May highs, and are lower than the same period last year [5]. Price - Expectations of supply contraction are raising the bottom for coal prices, with seasonal demand potentially opening up upward price movement. The central price for thermal coal is anticipated to reach 750 yuan/ton in the fourth quarter [5]. Investment Recommendations - The coal sector is currently at a cyclical low with high PE and low PB ratios, indicating potential for rebound as coal prices rise. Recommended stocks include flexible targets like Yanzhou Coal, Jin控 Coal, and Shanxi Coal International, as well as growth-oriented stocks like Electric Power Investment and Huayang Co., and stable long-term investments such as China Shenhua and Shaanxi Coal [6].